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HKEX Market Update 2022-02-08

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HSI fell -1% (-251 pts) after a 3-day winning streak, closed at 24329 points.

Among the 150 largest-cap stocks, 65 (43%) closed higher. 44% of all HKEX stocks ended higher.

In terms of sectors, 4 sectors closed up, 7 sectors closed down, 1 sector remained unchanged, ranging from -4.2% to 0.8%. 6 sectors outperformed the market. The market was down -0.8%; Basic Materials was up 0.8%, the best performer; Healthcare was down -4.2%, the worst performer.

● COSCO SHIP HOLD (1919) surged 6.6% (+$0.94), closed at $15.14, rose 4 days in a row, the best % gain in more than 2 months, crossed above MA20 and MA50 ($14.63, $14.52). The best performer with a huge increase in volume.
360miq.com/stockinfo?code=1919.HK

● CHINA STATE CON (3311) jumped 5.6% (+$0.53), closed at $10.06, rose 4 days in a row, the best % gain in 4 months, also hit a YTD high, crossed above MA20 ($9.58). The largest increase in volume.
360miq.com/stockinfo?code=3311.HK

● CHINA SHENHUA (1088) jumped 5.6% (+$1.15), closed at $21.6, rose 3 days in a row, the best % gain in nearly 2 months, also hit a YTD high.
360miq.com/stockinfo?code=1088.HK

● WUXI BIO (2269) largely retreated -22.8% (-$18.35) after a 3-day winning streak, closed at $62.25, hit a YTD low. The worst performer with a huge increase in volume.
360miq.com/stockinfo?code=2269.HK

360miq.com/market?data=HKEX#tab-3

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